Scalper1 News
GT Advanced Technologies has reached a settlement agreement with Apple (AAPL) under which GT will exit the sapphire glass manufacturing business and pay back Apple for the money it was advanced. GT Advanced filed for Chapter 11 bankruptcy protection on Oct. 6. The Merrimack, N.H.-based company reportedly was having problems producing sapphire display covers for future iPhones and Apple Watches, and was missing milestones under its supply agreement Scalper1 News
Scalper1 News